Retail Ventures mulls sale of Value City division

Columbus, Ohio – Retail Ventures Inc. (RVI) said it is exploring strategic alternatives for its Value City Department Stores operations, including a possible sale of the division.

Value City, a discount general merchandise chain, comprises 113 stores across the Mid-Atlantic, Southeastern, and Midwest regions. RVI also operates the off-price chain Filene’s Basement (31 stores) and the off-price footwear nameplate DSW (221 stores and 228 departments within other retail chains).

Home Textiles Today reported that 2005 home textiles revenues for Filene’s Basement and Value City together totaled $144.0 million.

RVI has retained Financo and CIBC World Markets as its financial advisors in the strategic review. RVI ceo Heywood Wilansky emphasized, "The 'strategic alternatives' do not include RVI's other retail divisions DSW Inc. or Filene's Basement. Those two divisions are managed separately from Value City Department Stores."

Featured Video

  • 1200 Suppliers are Ready for You at Intertextile Shanghai

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

See details!